Kona Grill Inc (NASDAQ:KONA) has earned an average rating of “Buy” from the six ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.75.

KONA has been the subject of a number of analyst reports. Feltl & Co. downgraded shares of Kona Grill from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 28th. Zacks Investment Research downgraded shares of Kona Grill from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. Telsey Advisory Group downgraded shares of Kona Grill from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $13.00 to $8.00 in a report on Tuesday, May 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective (up from $10.00) on shares of Kona Grill in a report on Tuesday, May 9th.

Shares of Kona Grill (NASDAQ:KONA) opened at 4.25 on Monday. The company’s 50-day moving average is $5.36 and its 200 day moving average is $8.59. Kona Grill has a 1-year low of $4.20 and a 1-year high of $14.44. The firm’s market cap is $42.92 million.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings data on Monday, May 8th. The restaurant operator reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.11. The business had revenue of $45.20 million for the quarter, compared to the consensus estimate of $46.96 million. Kona Grill had a negative return on equity of 12.30% and a negative net margin of 4.30%. Kona Grill’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. On average, equities research analysts expect that Kona Grill will post ($0.81) EPS for the current fiscal year.

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In other Kona Grill news, major shareholder Bbs Capital Fund Lp acquired 50,000 shares of Kona Grill stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $4.83 per share, with a total value of $241,500.00. Following the acquisition, the insider now owns 92,602 shares of the company’s stock, valued at $447,267.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 51,000 shares of company stock valued at $246,750 over the last ninety days. 25.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in KONA. Penn Capital Management Co. Inc. increased its position in shares of Kona Grill by 76.0% in the third quarter. Penn Capital Management Co. Inc. now owns 505,961 shares of the restaurant operator’s stock valued at $6,360,000 after buying an additional 218,521 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Kona Grill by 2.7% in the first quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock valued at $2,703,000 after buying an additional 11,100 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kona Grill by 5.5% in the first quarter. Vanguard Group Inc. now owns 365,025 shares of the restaurant operator’s stock valued at $2,300,000 after buying an additional 19,006 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kona Grill by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 323,830 shares of the restaurant operator’s stock valued at $2,040,000 after buying an additional 50,686 shares in the last quarter. Finally, Addison Clark Management L.L.C. increased its position in shares of Kona Grill by 201.9% in the first quarter. Addison Clark Management L.L.C. now owns 215,840 shares of the restaurant operator’s stock valued at $1,360,000 after buying an additional 144,340 shares in the last quarter. 76.35% of the stock is owned by institutional investors.

About Kona Grill

Kona Grill, Inc owns and operates upscale casual dining restaurants under the name Kona Grill. The Company owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. Its high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi.

12 Month Chart for NASDAQ:KONA

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